Foundry Partners LLC Buys 4,467 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Foundry Partners LLC boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,082 shares of the investment management company's stock after purchasing an additional 4,467 shares during the quarter. The Goldman Sachs Group comprises 1.4% of Foundry Partners LLC's investment portfolio, making the stock its 11th biggest position. Foundry Partners LLC's holdings in The Goldman Sachs Group were worth $28,105,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in The Goldman Sachs Group in the third quarter valued at about $206,000. Morse Asset Management Inc bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at approximately $911,000. Royal London Asset Management Ltd. increased its position in The Goldman Sachs Group by 2.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 220,855 shares of the investment management company's stock worth $109,348,000 after purchasing an additional 4,980 shares in the last quarter. Quantinno Capital Management LP lifted its stake in The Goldman Sachs Group by 36.1% in the 3rd quarter. Quantinno Capital Management LP now owns 34,431 shares of the investment management company's stock valued at $17,048,000 after purchasing an additional 9,140 shares during the last quarter. Finally, SageView Advisory Group LLC boosted its position in The Goldman Sachs Group by 19.1% in the third quarter. SageView Advisory Group LLC now owns 2,181 shares of the investment management company's stock valued at $1,080,000 after buying an additional 349 shares in the last quarter. Institutional investors own 71.21% of the company's stock.

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The Goldman Sachs Group Stock Down 2.2 %

Shares of NYSE GS traded down $10.28 during trading on Monday, hitting $460.53. 2,904,998 shares of the company traded hands, compared to its average volume of 2,327,802. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The business's fifty day moving average is $597.54 and its 200 day moving average is $573.99. The firm has a market capitalization of $143.70 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a fifty-two week low of $387.12 and a fifty-two week high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company's quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.48 earnings per share. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were issued a $3.00 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.61%. The Goldman Sachs Group's dividend payout ratio is presently 29.59%.

Insider Activity at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,034 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the sale, the chief accounting officer now owns 6,455 shares in the company, valued at $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kevin R. Johnson acquired 2,400 shares of The Goldman Sachs Group stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the transaction, the director now directly owns 2,400 shares in the company, valued at $1,485,648. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on GS. JPMorgan Chase & Co. dropped their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday. UBS Group boosted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Citigroup dropped their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price on the stock. in a report on Friday. Finally, Barclays raised their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $582.88.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.